Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes
This paper employs a simple stochastic model to investigate how transaction cost and strategic option considerations interact to influence a firm's evaluation of collaborative venturing as a market entry mode. After demonstrating how uncertainty about the market and about the potential partner...
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| Veröffentlicht in: | Journal of international business studies 1996-06, Vol.27 (2), p.285-307 |
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| container_end_page | 307 |
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| container_issue | 2 |
| container_start_page | 285 |
| container_title | Journal of international business studies |
| container_volume | 27 |
| creator | Chi, Tailan McGuire, Donald J. |
| description | This paper employs a simple stochastic model to investigate how transaction cost and strategic option considerations interact to influence a firm's evaluation of collaborative venturing as a market entry mode. After demonstrating how uncertainty about the market and about the potential partner can add to the value of a collaborative venture, the paper explicates a condition under which the option to acquire or sell out generates a positive economic value for both of the partners. The interaction of transaction cost and strategic option considerations is then examined, and a number of testable hypotheses are proposed based on the theoretical analyses of the paper. |
| doi_str_mv | 10.1057/palgrave.jibs.8490136 |
| format | Article |
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The interaction of transaction cost and strategic option considerations is then examined, and a number of testable hypotheses are proposed based on the theoretical analyses of the paper.</description><identifier>ISSN: 0047-2506</identifier><identifier>EISSN: 1478-6990</identifier><identifier>DOI: 10.1057/palgrave.jibs.8490136</identifier><language>eng</language><publisher>London: Academy of International Business and Richard Ivey School of Business, University of Western Ontario</publisher><subject>Business and Management ; Business Strategy/Leadership ; Collaboration ; Contract negotiations ; Economic theory ; Economic uncertainty ; Economic value ; Equity ; Equity stake ; Hypotheses ; Information asymmetry ; International Business ; Joint ventures ; Learning ; Management ; Market entry ; Multinational corporations ; Options contracts ; Organization ; State of nature ; Stochastic models ; Strategic planning ; Studies ; Transaction costs ; Uncertainty</subject><ispartof>Journal of international business studies, 1996-06, Vol.27 (2), p.285-307</ispartof><rights>Copyright 1996 The Academy of International Business</rights><rights>Academy of International Business 1996</rights><rights>Copyright Journal of International Business Studies 2nd Quarter 1996</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c521t-813cd08643bf486842958d7906cc36d4d07ba85044149039c4a63895df1eaecb3</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/155286$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/155286$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,3993,27903,27904,41467,42536,51297,57995,58228</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/paljintbs/v_3a27_3ay_3a1996_3ai_3a2_3ap_3a285-307.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Chi, Tailan</creatorcontrib><creatorcontrib>McGuire, Donald J.</creatorcontrib><title>Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes</title><title>Journal of international business studies</title><addtitle>J Int Bus Stud</addtitle><description>This paper employs a simple stochastic model to investigate how transaction cost and strategic option considerations interact to influence a firm's evaluation of collaborative venturing as a market entry mode. 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McGuire, Donald J.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c521t-813cd08643bf486842958d7906cc36d4d07ba85044149039c4a63895df1eaecb3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1996</creationdate><topic>Business and Management</topic><topic>Business Strategy/Leadership</topic><topic>Collaboration</topic><topic>Contract negotiations</topic><topic>Economic theory</topic><topic>Economic uncertainty</topic><topic>Economic value</topic><topic>Equity</topic><topic>Equity stake</topic><topic>Hypotheses</topic><topic>Information asymmetry</topic><topic>International Business</topic><topic>Joint ventures</topic><topic>Learning</topic><topic>Management</topic><topic>Market entry</topic><topic>Multinational corporations</topic><topic>Options contracts</topic><topic>Organization</topic><topic>State of nature</topic><topic>Stochastic models</topic><topic>Strategic planning</topic><topic>Studies</topic><topic>Transaction costs</topic><topic>Uncertainty</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Chi, Tailan</creatorcontrib><creatorcontrib>McGuire, Donald J.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>European Business Database (Alumni Edition)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Canadian Business & Current Affairs Database</collection><collection>Canadian Business & Current Affairs Database (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Asian & European Business Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Asian & European Business Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>European Business Database</collection><collection>Research Library</collection><collection>Research Library (Corporate)</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Journal of international business studies</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Chi, Tailan</au><au>McGuire, Donald J.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes</atitle><jtitle>Journal of international business studies</jtitle><stitle>J Int Bus Stud</stitle><date>1996-06-01</date><risdate>1996</risdate><volume>27</volume><issue>2</issue><spage>285</spage><epage>307</epage><pages>285-307</pages><issn>0047-2506</issn><eissn>1478-6990</eissn><abstract>This paper employs a simple stochastic model to investigate how transaction cost and strategic option considerations interact to influence a firm's evaluation of collaborative venturing as a market entry mode. 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| fulltext | fulltext |
| identifier | ISSN: 0047-2506 |
| ispartof | Journal of international business studies, 1996-06, Vol.27 (2), p.285-307 |
| issn | 0047-2506 1478-6990 |
| language | eng |
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| source | RePEc; Jstor Complete Legacy; SpringerLink Journals - AutoHoldings |
| subjects | Business and Management Business Strategy/Leadership Collaboration Contract negotiations Economic theory Economic uncertainty Economic value Equity Equity stake Hypotheses Information asymmetry International Business Joint ventures Learning Management Market entry Multinational corporations Options contracts Organization State of nature Stochastic models Strategic planning Studies Transaction costs Uncertainty |
| title | Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes |
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